Morning! Still waiting for an answer to my question from

Question

Morning! Still waiting for an answer to my question from

a couple of weeks ago: Treasury 2.0 will allows other stable coins (USDT and USDC) deposits. What will the impact be on the treasury if these stable coins will lose there peg (something that happens recently with USDC)?

#coti #cryptocurrency #english

0

01.04.2023

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Yeu Sheng Teo

Zippy Zoro | Resolute Node
If I as a user deposit 1 mil in USDT and it goes t...

Had this question always.. what is the rationale of having a big treasury but nothing is used for expansion or investment ? Not saying the latter is safe but how does that works to provide apy return for the treasury contributor?

0

02.04.2023

Zippy Zoro | Resolute Node · Accepted Answer

Zippy Zoro | Resolute Node

If I as a user deposit 1 mil in USDT and it goes to zero Coti isn't on the hook for that. The just give me back my coins and I take my now worthless tokens to an exchange. Bridging multiple tokens can have risks but the team use multiple Oracles. Treasury service should be fine. Only risk would be if team used those funds. They have stated multiple times that they don't do this and amount can be tracked onchain

0

01.04.2023

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Morning! Still waiting for an answer to my question from

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